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XAU/USD Market Analysis and Trading Tips 6th July 2016 Overview: The Gold markets rally during the course of the session on Tuesday to the level of $1370. At this point in time, we strongly believe that market is on its bull rally and ready to go higher. The Gold market sentiment is still positive. The main trend of Gold is bullish on charts and and market is sustaining above the 100 days moving average on its 4 hourly chart. It is having important resistance level at significantly psychological number at the level of $1400 and support level at the level of $1340. On its 4 hourly charts, MACD is sustaining in its positive territory and RSI is sustaining in its buying zone indicating the upcoming bearish trend in the oil prices. On intra day basis one can go for buy on lower level strategy. www.tradingsignalreviews.com
FX:XAUUSDLong
by TheBanker
2
AUDNZD WAITING ON BREAKOUT 4HOURBreakout out of critical level followed up by a retest of that level and 61.8% fib level. Stuck in a ranging market since the beginning of the month, just awaiting a breakout to the downside confirmed by the careful use of MA's. Looking for a downtrend towards target 1 at 1.03602 (monthly critical). Price action at this level will confirm my further position or to capitalise on profits made. Upon completion of this level the next to the downside would be target 2 at 1.02406.
Short
by ADAMMAC
GBPUSD - Brexit pendingWill be taking a long position on GBP/USD based on the following reasons: - Bullish hammer candle on Weekly TF. - Rejection of 0.786 fib - Respected ascending trendline You might be thinking that I am super crazy by taking this trade, especially with the referendum only a couple of days away, however I feel as though the UK will not be leaving the EU and this is purely my opinion. I am willing to take on a higher risk as the risk/reward ratio is a lot higher. I expect a 1500 pip move as a minimum, which would blow away some really key levels regardless of which way the vote goes. If you are taking a similar trade and running the risk, ensure that your brokers either have a guaranteed stop loss or a NBP (negative balance protection) to ensure that you do not end up with a blown account. Trade safe
Long
by ApolloFX
Large divergence between volatility expectations and stocksA Tweet from Tracy Alloway with Bloomberg caught my eye this morning (twitter.com). She points out that the one-month VIX just tipped over the 3-month VXV. While this has happened many times in the past, I did notice that there is a rather large divergence between the VXV/VIX ratio and the SPX right now. The chart says it all folks. This certainly doesn't guarantee a sharp decline in stock markets, but this is definitely something to watch for today and tomorrow.
CBOE_DLY:VIX3M
by ABRAK75
1
Dow30-USD/JPY comparisonMajor part of the rally in US stocks since late 2012 appears to have been fuelled by Yen carry trade. Remember Bank of Japan was the first one to fire and the stage was set after Abe came to power. BOJ announced easing in April 2013 and followed it with another surprise in October 2014. BOJ's aggressive actions also forced ECB and other central banks to press the easing button. However, the situation now is Yen is not in mood to weaken, markets are not responding positively to aggressive central bank actions and oil has already doubled from its bottom in February. Moreover, oil helped indices recover from Feb lows even though funding currencies like JPY, EUR were on the rise. Hence, oil better stay resilient other wise, odds of a corrective move in Dow would rise. From technical perspective a break below rising trend line (black) could bring in chart driven bears as well.
FX:US30
by TipTVFinance
Gold outlook – increased risk of drop to daily 100-SMAResistance – $1230, $1236, $1249 Support – $1224.60, $1215.33, $1200 Doji formation on daily chart adds credence to a possibility of minor technical correction in gold, although prices failed near daily 5-MA in Asia. This if followed by a move below Asian session low of $1224.60 would open doors for a slide to daily 100-MA level of $1215.33. Such a move would daily RSI into oversold territory, thus leading to sideways to positive action.
FX:XAUUSD
by TipTVFinance
Nifty outlook - Third gap up opening ahead of neckline resistancNifty advanced today in line with positive global cues and also marked its third gap up opening of the current rally from February lows. For me, a third gap up opening is usually a sign of reversal in a sense that "dumb money" has entered into markets. This view would gain further credence if the index fails to take out/sustain above inverse head and shoulder neckline level around 8000. A bullish break above 8000 on day end closing basis is needed to convince me that bull run is likely to continue.
NSE:NIFTY
by fxstraderomi
1
FTSE outlookResistance – 6200, 6244, 6311 Support – 6119, 6050, 6000 FTSE’s rebound from 6119 (38.2% of Apr 2015 high-Feb 2016 low) if followed by a day end closing today above daily 200-SMA of 6149 would signal short-term bearish invalidation and open doors for a rise to 6208 (23.6% of Feb low-Apr high). On the lower side, rejection at daily 200-SMA followed by a break below 6050 (Thursday’s low) would signal continuation of retreat from April high and expose 5950 levels.
FX:UK100
by TipTVFinance
Brent Oil - Bullish above $48.80Resistance - $48.80, $49.81-50, $52.00 Support - $47.72, $47.36, $46.74 Brent’s bearish price RSI divergence on the daily chart, followed by a bearish crossover between hourly 50-SMA and 100-SMA is likely to keep the prices under pressure. However, bears need to watch out for a rebound from $48.26 followed by a recovery above key hurdle of $48.80 as that would result in a rally to $49.43-$49.81 levels. On the downside, breach of support at $47.72 (hourly 200-MA) could see prices test $47.36-47.00 levels.
FX:UKOIL
by TipTVFinance